2012-12-01
2012-12-31
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CNNW 12
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CNBC 2
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English 30

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haven't seen any political progress here. >> right. and mohamed, let me ask you this. let's talk act the first piece of damage we may see, which we saw during the debt ceiling debate, the idea that the u.s. gets its credit rating hurt again. there's been some talk about it from fitch. the net result of lowering the u.s.' credit rating the last time around and-in the debt debacle, it's kind of sad because the first experience most people have with that is it wasn't as bad as we were warned it was going to be. is there a real danger to the u.s.' debt rating and what could that mean? >> at some point, there was a danger. the reason why we haven't felt it is because we've been doing better than rest of the world. this concept that my colleague, bill gross says, wear the cle cleanest dirty shirt. so we're not clean but we're cleaner than europe is right now. >> right. >> so we haven't felt it. my main worry is the following, that if the republicans and democrats can't get together to solve the fiscal cliff you will need an external force, a major market sell-off, you will need a major eco

reduction package. >> mohammed aladarin is the ceo of pimco and mark zandy is a chief moist at moody's analytics and joining me in studio is christine romans. the gdp for the u.s. grew at 3.1% over the summer. that's more than double the rate of the previous quarter. you can see the chart, it's been choppy, but it looks like we're going in the right direction. america's economy is gaining pace, doing better than expected. and we've been saying the 2013 could be the year of a real economic renaissance in the united states or at least the beginning of one. talk to me about the consequences to our prosperity if washington doesn't reach a deal. >> the consequences are not good. so what the numbers are telling you is that the private sector is healing. and if the private sector were left to its own devices, it would heal faster. unfortunately, washington is getting in the way. and what we find out this week, ali, is that the problem is not just a lack of trust between democrats and republicans, we found out that the republicans themselves can't unite. which means that the cooperative solu

in washington. thank you. >>> chaos in cairo. egyptian president mohammed morsi returning to the presidential palace overnight. he left amid clashes between police and 100,000 protestors. look at that. they are outraged over her recent power grab. it shows there should be great concern about morsi. >> people have said the muslim brotherhood is moderate, it is responsible, it will not be a problem if it takes power has been proven wrong i think beyond a shadow of a doubt. this man is in power through whatever means he can get it. >> steve harrigan has more from cairo on the clashes. >> real escalation by the opposition protestors. in cairo square they are on the move moving toward egypt's presidential palace. they cut through bashed wire. in the end the protestors had tear gas at the wall of the complex. h mohammed morsi was in the compound. he left not to flee but at the end of a normal workday. he does not reside in that palace. the demonstration shows the agenda is a referendum december 15th. they will be voting on a controversial constitution that has divided the country from secular and i

referendum tomorrow. it will take some time for that would support for president mohammed morsi we be judgment for what constitution should look like. will he prevail? will he come at the end of the process,rocess the powers that he claimed for himself two years ago, of which he has since relinquished? >> unfortunately, my answer is going to be yes. one is saying that we need to reject the referendum, the other part is saying no, we want to boycott. so now they are divided. the result is going to be the muslim brotherhood and president morsi is most likely going to win the referendum. on the other hand, the opposition is very strong in egypt. there is no return to the previous situation. what i suggest in the future is that mohammed morsi will win the refendumtry tooit establish an islamic state, he will see strong opposition for months and months. lou: moving quickly to syria as we wrap up. russia today -- from the deputy foreign minister, basically saying that they have acknowledged that bashar al-assad has been losing power and that his departure is a foregone conclusion. sudden

mohammed morsi granted himself sweeping powers to push through the draft constitution. a constitution that the critics claim cobol officer hard line islamic policy. gag palkot following it all from cairo and streaming now. greg? >> hey, shep. things are relatively quiet here in cairo right now. but they are going to get noisy again. supporters and opponentses of egyptian president mohammed morsi get ready for a referendum on that draft constitution. actually it's going to happen over the next two saturdays due to a shortage of judges who have to act as election monitors. one main judicial group is calling the document an insults. the opposition is very much involved in this now. they have branded the constitution as promise and noninclusive. they want their followers to vote no. but they will be up against it. morsi's muslim brotherhood party has a good ground game, an excellent grassroots network and calling for rallies outside of mosques on friday. and they also play hard ball. a national unity meeting planned for wednesday was canceled. we were told 'cause morsi didn't want to show

ceo of pimco mr. mohammed el-erian. welcome back. >> thank you, bill. >> and i've given you your first question. i gave it to rick earlier. we've seen this rise in yields even as the fed met to try to bring rates down some more. even as the fiscal cliff negotiations continue on. you'd think there'd be a rush to these safe havens. that's not happening. have we seen the low for the treasury yields for the foreseeable future? >> it depends which bend of the curve you're talking about. if you're talking about the 10 year point, we would agree with rick. looks like a range between 1.6% and 2%. and the language of keeping interest rates at zero. the long end is going to be volatile and more dangerous. it depends where on the curve you. >> so -- i'm sorry? >> it was interesting. this was brought up by one of our portfolio managers this morning. the fed's statement was hawkish last wednesday. we don't agree. what the fed tried to do is provide greater clarity to the markets. >> right. >> but that had been misinterpreted as it being more hawkish. we don't think that is the case. >> so all of th

and opponents of president mohamed morsi. you see them here. critics say morsi is trying to install a dictatorship, with his recent power grab and the new constitution written. five people have been killed in the fighting. hundreds more have been injured. >>> new accusations that walmart and the gap may have played a role in that devastating factory fire that made headlines around the world. at least 112 garment workers were killed in the fire in bangladesh last month. this morning, bloomberg news is reporting that walmart and the g gap refused to help pay for safety upgrades at the factory. the companies have not issued any statement. >>> back here, a developing story near los angeles. police looking for the driver who ran down a little girl then sped off. it was all caught on tape. i want to assure you, the girl you see struck here is okay. she will be okay. she was dragged 30 feet, however, before she was thrown free. her horrified mother, you see her there, running to her side. police have released this video, hoping the public will recognize that suv. again, the girl you see st

, president obama has made a phone call to egyptian president mohammed morsi. he expressed concerns about the deaths and injuries of protesters outside morsi's palace. demonstrators are upset about the new unrestricted powers morsi gave himself. >>> looks like authorities in belize will have to wait to question john mcafee. he's back in a georgia georgia tamilian jail. he asked for asylum there. he's wanted for questioning about murder in belize. >>> to reach an agreement on a plan to avoid the fiscal cliff. financial experts were on capitol hill yesterday to talk about the negative impacts if the automatic tax increases and spending cuts happen on january 1st. president obama visited a northern virginia family who would suffer finally if a -- financially if a deal isn't reached. the president's approval rating is at its highest point since the raid that killdee killed osama bin laden. 42% believe the nation is heading in the right direction. >>> the san diego zoo two new additions. they're 14 week old clouded leopard cubs and their adorable. they are brothers and playful. they like to po

the prophet mohamed. >> we've heard calls for ambassador right to resign. are you in favor of that? >> no. that's shooting the messenger. she was told to go out and do that. i blame the secretary of state, i blame the operatives in the white house and i blame our national security adviser. if the president didn't know exactly what happened, he sure as hell should have. >> cia director david petraeus steps down after admitting to cheating on his wife. tonight new information on his stunning resignation and the latest developments. >> there is a theory that, look, come on, we had great generals, mcarthur, patton, eisenhower, j.f.k., clinton, they all had unfairs. what do you say to that? >> well, i don't think the idea -- the problem is that general petraeus had an affair. i think the idea and the big problem is that he was director of the cia and he walked into right into one of the most blackmailable situations you can have. it's good the u.s. found out about it before the russians or chinese. it's not that he's a general messing around, and according to the code of the justice that's not

. in fact, khalid sheikh mohammed, or ksm, when he was waterberded, like 134 times or something -- incredible. he stated that this cower courier had retired. in other words, not only they didn't get good information from these techniques of waterboarding and torture, they got bad information. >> greta: what do you want the ceo to do at this point? >> we showed our displeasure and i think they should acknowledge that they were either given wrong information -- that hia lot of access to the cia, in fact one of the -- there is an investigation going on about some of the information that they used. clearly, i think they got the slant of those who are defending, in my view, what is unconscionable, and that is torturing people. i want to emphasize to you, that when it gets around the world that the united states of america tortures people, any information that we could gain from doing that -- if we ever did -- harms the image of the united states, far more than the value of any information we might obtain. >> greta: senator, there is a report from the state department that secretary o

mohamed morsi put in place his new voting rules as the protests turn violent ahead of the saturday's vote on the controversial constitutional referendum. the new rules restrict voters from casting their ballots outside their electoral districts which had been allowed in the past. this announcement comes just hours after masked gunmen attacked these opposition protesters, happening overnight in cairo's tahrir square. nine protesters were injured, four of them critically. their attackers fired bird shot pellets, threw molotov cocktails. what will the new voter rules mean for this week's referendum? >> reporter: i don't know if you hear me. i'm having trouble hearing you. but about an hour ago -- >> we're having a tough time hearing reza. we're going to work on that connection and bring him back up. because it is important to talk about what is happening now in anticipation of the weekend. let me get you caught up, though, on our lead story out of michigan. take a look. >> vo >> veto! >> the republican-led legislature passed two right to work bills just within this past hour. one is for publ

mohammed al ariane has probably been more of a proponent of the new normal. i don't know whether that's a pimco idea, the firm that pimco came up with following the fiscal crisis -- not the fiscal -- financial crisis. if you still believe that, what if we never get to 6.5%. >> well, hi, joe. it's great to see you. you're exactly right. just a month ago chairman bernanke for the first time acknowledged that the u.s. has structurally lower economic growth. but we've been calling the new normal for the last few years. and you're exactly right. that means the fed, if you combine that with yesterday's announcement, that means the fed is going to be exceptionally easy for a long time, and that it could be a couple years or could be three, four years, maybe even longer, because unemployment is now structurally higher. we hope it's 6.5% is not the new naru, the new minimum unemployment. certainly it is increasing. the longer people stay unemployed the more structural it becomes. the fed is really in a box here. they're trying to engineer financial market outcomes. trying to raise the prices o

across the country. opponents of the egyptian president mohammed morsi filling the streets of cairo, including tahrir square. curious over his growing power and a controversial new draft constitution. another city, supporters of the president also turning out in force. violence breaking out as they pour into the streets. steve harrigan is streaming live from cairo with the latest. >> rick, a few thousand anti-presidential protesters in tahrir square. in other parts of the city, about two miles from here, as many as 200,000 protesters turned out. these are people who support president morsi. many of them from the muslim brotherhood. a large number were bussed in from rural areas in egypt. many carrying the koran and shouting, god is the law. it was a real show of force and show of public support by those who support egypt's new president. he also announced there will be a constitutional referendum on december 15. it came really after a vote on friday pushing through that constitution in one day. now the nation will have the chance to vote up or down on that constitution. president mo

in cairo overnight. the white house says president obama praised the egyptian president mohammed morsi for offering to meet with his opponents this weekend but said that dialogue should come without any preconditions. one opposition group is already turning down that offer. here is how it is going over in cairo. [chanting] shch shep protest hers back on the street this overnight. military sealed off the presidential palace with tanks and bausched wire after the worst violence since president morsi took office in june. [explosions] 700 dead and 600 hurt after battled outside the very presidential palace. police say the two sides threw rocks and fire bombs at each other. the protesters say they are outraged that the president in essence put himself above the law last month. president morsi helped negotiate the cease-fire between israel and hamas he is in charge of enforcing that agreement. tonight he went on egyptian television to call for calm in his own country. david lee miller in our middle east bureau now, david lee? >> shepard, as you mentioned, although one opposition group wasted

constitution. demonstrations raged on against mohammed morsi. opponents claim he tried to make himself a dictator by granting himself near absolute power. over the weekend, voters passed the new constitution with 57% of the ballot. if passed if an upcoming vote, his ally also have sweeping new powers. protesters claim the vote was full of irregularities. they are demanding the president step down and the constitution be rewritten. >>> i'm john scott in for shepard smith. this is the fox report. the mother of the shooter in friday's school massacre knew her son had problems. so much so she didn't like to leave him alone. that from a marriage counselor who dealt with the mother's divorce. her account is just another piece of the troubling puzzle that is starting to take shape. according to the reporting of cbs news a man who baby sat the shoot service a teen-ager says nancy lanza once warned him not to turn his back on her son for a moment. not even to go to the bathroom. as we've been reporting, family friends described the 20-year-old as a socially awkward loner. they say he suffered f

, mohammed that is returning to the palace. he took off amid violent protest. why are they outraged? mursi is expanding his powers. several tv stations going black to protest. >> brian: 11 newspapers went dark yesterday. >> gretchen: thank you. it was taughted as a dream and boeing dream liner forced to make an emergency landing. united flight was heading from houston to newark, new jersey . a latest problem happening on the same day regulators ordered inspections for the jets for a possible fue line problem. intelligence director james clapper upon will testify behind closed doors about the attack on benghazi that left four americans dead. it was initially referred to al-qaida. revised talking points were used by susan rice who blamed the video. >> she lived 116 years and 100 days. besse cooper passed away and died peacefully in monroe, georgia. cooper was born in 1896 in tennessee and moved to georgia in world war i to be a teacher. what was the secret to her long life. she minded her own business and avoided junk food. >> brian: was not upset we had the twinkie problem. >> steve: not a

should mention. our mohammed jamjoon joins us now with the latest. >> reporter: good morning, alina. it was two days ago that this horrific attack happened in hama province. we heard from opposition factions and eyewitnesses and residents there saying hundreds of people were waiting in a bread line, thefirst time in weeks that the bakery had been opened. the rebel soldiers had moved in and taken the town away from regime solders who had been there, and they say because of that, that that area was specifically targeted. that's what the opposition activists tell us. now, the syrian government has a very different version of events. they say it was armed terrorists in the town that carried out this attack. armed terrorists is the terminology they use to describe opposition and rebel fighters. the syrian government say the residents of that town called for the military to intervene to go in there and help them and help them secure the area. there's been so much international condemnation about the attack that killed as many as 100 people, maybe more than that. the u.s. state department

indefinitely after supporters of president mohammeds mo morsi prevented judges from entering the building. >>> a strong warning today from secretary of state hillary clinton to the syrian government over the potential use of chemical weapons. one official in the obama administration told cnn there are worrying signs that syria may be considering the use of such weapons against rebels. new this morning, this mayor of this town along the border with turkey told cnn that jets dropped two bombs wounding several people. >>> it is 18 minutes past the hour. we are getting an early read on your local news making national headlines this story from "the boston globe." a year after the paper found that stores and restaurants across massachusetts were intentionally mislabeling fish. guess what? the practice continues. dna testing shows some business are showing cheaper, lower quality fish instead of what is written on the label. in one case, slices of what were supposed to be white tuna at a sushi shop were an oily species of fish that can cause digestive issues. that's terrible. >>> the "new york ti

, thank you. >> now to the crisis in the middle east. rejecting president mohamed morsi's call for reconciliation, refusing to compromise last night as he spoke to the nation. earlier, morsi got a call from president obama after a deadly confrontation between morsi's supporters and his opponents. holly williams is outside the presidential palace in cairo. >> reporter: some people here hope that after days of protests and blood shed, president morsi would make a major concession last night when he addressed the nation in an effort to restore balance. we are expecting large protests here today outside the palace here in cairo. in the city of alexandria, there have been more violent clashes between president morsei's opponents and his supporters. the president's opponents are demanding that he immediately gives up all of the sweeping new powers that he gave himself two weeks ago. they also want him to postpone a referendum on egypt's new constitution, due to take place in just over a week. critics say that constitution doesn't protect the rights of all egyptians. but president mor

those for and against president mohamed morsi after he gave himself unchecked powers last month. the opposition is calling for new nationwide protests ahead of the vote. >>> and the nobel peace prize has been given to the european union. the three presidents of the eu's main bodies accepted the prestigious award this morning at a ceremony in oslo, norway, but this year's choice was not without controversy. three former nobel laureates wrote a letter of protest saying the union doesn't qualify as a peace maker. >>> for the second time in two weekds, an nfl team overcomes the death of a teammate with a victory on the field. this time it was the dallas cowboys. on the sidelines sunday, the jersey of jerry brown jr. was draped over the team bench. a member of the practice squad, brown died saturday in a car crash driven by a teammate, the car was. the cowboys came back from a nine-point deficit to beat the cincinnati bengals on a dramatic last second field goal. brown's jersey was held up after the emotional win, and following the game, cowboys head coach jason garrett talked about

. mohammed jamjoon, cnn, beruit. >>> a majority of polls say that the u.s. and other countries should not get involved in syria. 52% say they oppose using u.s. military and missiles to set up safe zones. 55% say that the u.s. should not send military supplies. but 88% are very concerned or somewhat concerned about what is going on. >>> senator mike crepo of idaho has issued an apology after being arrested for driving under the influence. he was arrested early saturday morning. the idaho republican, pulled over after spotting running a red light. >>> a senator navy s.e.a.l. commander's death is being investigated as an apparent suicide. military personnel in afghanistan found navy commander job price's body after he didn't show up at an appointed time. he was serving as the commanding officer as a special war unit called s.e.a.l. team 4. there was it is not believed he was involved in any investigations on cotron versies. >>> george h.w. bush will not make it home for the holidays. he has been hospitalized with a limb lingering cough since last month. doctors in houston say he needs to build u

, it would have been hard to beat mohammed ali at any time, i don't care how great you were. it's hard to say become the greatest. what is a great accomplishment is that they know my name. i think that's for a guy like me, that's great accomplishment just to have my peers know who i am. that's the overwhelming opinion of fighters in general. >> brian: you starred on broadway. you put it out in las vegas. then you hook up with spike lee and go on broadway v a long run. what are you doing now with the story of your life? >> we're going on tour, 36-city tour. we're starting in february 11 in indianapolis and then going to go all over the nation. >> brian: what did spike lee bring to the production? it got rave reviews. as you walked out on stage and just yourself talking about your life, the highs and lows. when you hooked up with spike lee, what did he bring to the production? >> he brought the dynamics of which i had no idea, about catching -- the right moment, the right stance, which i had no idea because i'm not stage proficient and the way spike is. so he showed me certain ways to sit and s

of protesters attack the egyptian president mohammed morsi's home throwing rocks and glass and bottles. according to reports, they've pushed down these barriers to actually protect his home. >>> plus, it is never been done before. this is a journey across the antarctic on foot and in the winter, but this great adventurer finally being attempted. we're going to hear from sir randolph fines about how he could be the first man to ever cross the south pole. >> it's like a drug. it's like an addiction. once you are bitten by polar records, you keep going for it. in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. when we got married. i had three kids. and she became the full time mother of three. it was soccer, and ballet, and cheerleading, and baseball. those years were crazy. so, as we go into this next phase, you know, a big part of it for us is that there isn't anything on the schedule. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all

of president mohamed morsi. the constitution which passed a first phase of voting last week has sparked concerns over the power it creates for morsi. >>> "gangnam style" by the south korean rapper is the first video in the history of the internet to surpass one billion views. if you haven't seen it yet, here is a look at what you've been missing. [ "gangnam style" ] ♪ >> is there anyone really who hasn't seen that? is there anyone left? it's amazing. boy. i love that music. >>> we have much more ahead in the next hour of "cnn saturday morning" which starts after a short break. keep it here. and cut! very good. people are always asking me how we make these geico adverts. so we're taking you behind the scenes. this coffee cup, for example, is computer animated. it's not real. geico's customer satisfaction is quite real though. this computer-animated coffee tastes dreadful. geico. 15 minutes could save you 15 % or more on car insurance. someone get me a latte will ya, please? it's lots of things. all waking up. connecting to the global phenomenon we call the internet of everything. ♪ i

. president obama, bill and hillary clinton, egyptian president mohamed morsi. i'm pausing for effect. please stop. yahoo! ceo marisa mayer. they are among the finalists for "time" magazine person of the year. we'll reveal who it is coming up next on "morning joe." [ male announcer ] families grow up but some things never get old... marie callender's dutch apple pie with fresh fuji apples and a crust made from scratch... it makes home at the holidays even sweeter. marie callender's. it's time to savor. >>> you were wonderful tonight, young man. >> what do you mean? >> just what i said. you were graceful. you were confident. you're going to be a very fine king. >> i don't know what to say. >> your father would be very proud. >> i'm not so certain about that. >> if i were your father, i'd be proud. >> that was bill murray as fdr talking to king george vi of england in the new film hyde park on the hudson. the new issue has the comic actor on the cover with a piece titled "bill freaking murray." appropriately tom brokaw joins us as well. okay. >> tom brokaw and bill murray. >> counterintuitive.

mohamed morsi. he decreed recently himself above oversight. he's behind the draft constitution which protesters believe will tip power the his favor. here's what some told reza sa h sayah. >> he doesn't want to listen to our demands. >> what's your message to him coming out here. >> that what he's doing is completely unfair. this is not what we asked for. it's completely dictatorship. >> egyptians will vote on the new constitution on december 15th. >>> nato foreign ministers approved turkey's request for pate yoz missiles to defend its borders. that meant to shore up defense against violence that spills over from syria's civil war. back in october errant shells hit a turkey town killing five civilians. >>> a man pushed on to the subway tracks into the path of an oncoming train, his terrifying final moments laid out in a newspaper for all to see. if the crime wasn't horrible enough, these images are sparking outrage this morning. >> yep. >> first talking while driving, now eating behind the wheel is against the law in one town. find out where when we come back. questions? anyone have

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